VAL-D'OR, QUEBEC -- (Marketwired) -- 10/27/14

Metanor Resources Inc. ("Metanor") (TSX VENTURE: MTO) is pleased to report on its financial results and accompanying notes for the quarter and year ending June 30th 2014 (Q4). This press release should be read in conjunction with Metanor's financial statement for the year ended June 30th 2014 and related Management's Discussion and Analysis (MD&A), which can be found on the Company website www.metanor.ca or on SEDAR www.sedar.com. All amounts are in Canadian dollars unless otherwise stated.

Q4 2014 Highlights

--  Gold sales of 12,468 ounces on gold production of 13,083 ounces.
--  Total of $16,523,725 in revenues from gold sales.
--  Net Income of $ 1,078,441 for the quarter.
--  Milled 61,905 tonnes of ore at a feed grade of 6.8 g/T and a recovery of
    96.9%.
--  Cash Cost of $873 per ounce sold in Q4 (US$786/oz at an exchange rate of
    US$0.90/CA$1.00).
--  Sustaining cost of CND$1,051 per ounce sold (US$946/oz using an exchange
    rate of US$0.90/CND$1.00).
--  All-In cost of $1,123 per ounce sold in Q4 (US$ 1,010/oz at an exchange
    rate of US$0.90/CA$1.00).

Full-Year 2014 Highlights

--  Total of $38,488,620 in revenues from gold sales.
--  Net loss of $2,875,391 for the year.
--  Cash Cost of $908 per ounce sold(US$817/oz at an exchange rate of
    US$0.90/CA$1.00).
--  Sustaining cost of CND$1,071 per ounce sold (US$964/oz using an exchange
    rate of US$0.90/CND$1.00).
--  All-In cost of $1,195 per ounce sold (US$ 1,076/oz at an exchange rate
    of US$0.90/CA$1.00).

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                                               Quarter
                          Quarter   Quarter      ended    Quarter
                            ended     ended   December      ended
Operating and           June 30th     March       31st  September      Year
 financial results           2014 31st 2014    2013(i)  30th 2013     total
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Operational results
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Tonnes milled (Tonnes)     61,905    60,497     62,033     55,591   240,026
Feed grade (g/T)              6.8       6.7        6.6        6.0      6.52
Mill recovery rate           96.9%     96.8%      97.5%      97.1%     97.1%
Ounces produced            13,083    12,641     12,751     10,373    48,848
Ounces sold                12,468    13,700     10,427     10,269    46,864
Underground
 development (metres)       1,411     1,751      1,492      1,277     5,931
Diamond drilling
 (metres)                  17,374    10,550      9,164      7,237    44,325
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Financial results
 (Thousand dollars)
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Gold Sales                 16,524    18,408      3,557          0    38,489
Operating Costs           (10,632)  (12,833)    (2,221)         0   (25,686)
Royalties                    (271)     (333)      (117)         0      (721)
Depreciation &
 Depletion                 (2,894)   (4,609)    (1,070)         0    (8,573)
Gross Profit                2,726       633        149          0     3,508
Net Results                 1,078    (1,919)      (410)    (1,624)   (2,875)
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(i) As of December 1st 2013, the Bachelor Mine reached commercial production
    status.

Ghislain Morin, president and chief executive officer, and Serge Roy, executive chairman of the board, declared: "We are very pleased with our quarterly results which show that Metanor generates positive income, and improves its financial situation while continuing its underground drilling and development at the Bachelor Mine."

Outlook for the coming quarters

Metanor continues to develop new drifts to the west at the Bachelor Mine and will continue the diamond drilling in the coming months to eventually add new resources and reserves.

About Metanor

Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties.

Qualified Person

Pascal Hamelin, P.Eng, Vice-president of Operations, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.

Cautionary Language and Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements.

Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

296,557,733 outstanding shares

Contacts:
Ronald Perry
Vice-President
514-262-8286
rperry@metanor.ca